Vitesse Energy (NYSE:VTS) Lowered to “Sell” Rating by Wall Street Zen

Vitesse Energy (NYSE:VTS) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

A number of other research analysts have also recently commented on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vitesse Energy in a research report on Wednesday, October 8th. Zacks Research lowered shares of Vitesse Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Evercore ISI reduced their price objective on Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating on the stock in a research note on Monday, October 6th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Vitesse Energy currently has an average rating of “Hold” and an average target price of $24.50.

Vitesse Energy Price Performance

VTS traded up $0.14 during trading on Friday, reaching $21.11. The stock had a trading volume of 546,969 shares, compared to its average volume of 357,956. The business has a 50-day moving average of $23.27 and a 200-day moving average of $23.22. Vitesse Energy has a one year low of $18.90 and a one year high of $28.41. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.95 and a current ratio of 0.85. The stock has a market cap of $816.52 million, a PE ratio of 42.23 and a beta of 0.59.

Vitesse Energy (NYSE:VTS) last announced its quarterly earnings data on Monday, November 3rd. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.13). The firm had revenue of $67.44 million for the quarter, compared to the consensus estimate of $65.70 million. Vitesse Energy had a net margin of 7.70% and a return on equity of 5.71%. As a group, equities research analysts anticipate that Vitesse Energy will post 1.05 EPS for the current fiscal year.

Institutional Trading of Vitesse Energy

Several large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its holdings in Vitesse Energy by 5.4% in the 1st quarter. Principal Financial Group Inc. now owns 9,260 shares of the company’s stock worth $228,000 after purchasing an additional 476 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Vitesse Energy by 51.7% in the first quarter. Nisa Investment Advisors LLC now owns 24,993 shares of the company’s stock worth $615,000 after buying an additional 8,513 shares during the period. Fort Sheridan Advisors LLC grew its holdings in shares of Vitesse Energy by 5.0% during the 1st quarter. Fort Sheridan Advisors LLC now owns 23,836 shares of the company’s stock worth $586,000 after acquiring an additional 1,128 shares during the period. Victory Capital Management Inc. raised its position in shares of Vitesse Energy by 19.2% in the 1st quarter. Victory Capital Management Inc. now owns 20,838 shares of the company’s stock worth $512,000 after acquiring an additional 3,357 shares in the last quarter. Finally, one8zero8 LLC lifted its stake in shares of Vitesse Energy by 1.6% in the 1st quarter. one8zero8 LLC now owns 135,309 shares of the company’s stock valued at $3,327,000 after purchasing an additional 2,103 shares during the period. Institutional investors own 51.63% of the company’s stock.

About Vitesse Energy

Vitesse Energy, Inc, together with its subsidiaries, engages in the acquisition, development, and production of non-operated oil and natural gas properties in the United States. It owns and acquires non-operated working interest and royalty interest ownership in the Williston Basin properties located in North Dakota and Montana.